HTrends Issue: April, 14 2023

HTrends Issue: April, 14 2023 | Read Online

Weekly Hospitality Trends Update

Flight Searches Are Up 25% - Expedia Summer Travel Forecast 2023

U.S. travelers are in it for the long haul, with New Zealand, Japan and Vietnam among the summer’s trending hotspots Read more

Trends

Business Travel Trends

Business Travel Begins to Take Off, But Full Recovery Experiences Further Delays According to Deloitte

Corporate travel spend will likely be smaller than pre-pandemic as U.S. and European companies weigh ROI and sustainability goals amid ongoing flexible work arrangements and increased use of technology Read more

Travel Sentiment

The State of the American Traveler in April 2023 - Potential Travel Spending Reductions, Top Travel Pet Peeves

Current financial sentiment may keep Americans from spending as freely as they did a year ago, however record levels of travel enthusiasm keeps them planning trips. Meanwhile, pet peeves about the travel experience abound, from transit delays to snoring seatmates. Read more

U.S. Restaurant Employment Trends

U.S. Restaurants Add 50,000 Jobs in March

March represented the 27th consecutive month of restaurant payroll gains, bringing the industry within 75,000 jobs of its pre-pandemic peak. Read more

Market Report U.S.

CBRE U.S. Hotels State of the Union March 2023 Edition

Large branded hotel search trends reached a post pandemic high and have fully recovered to 2019 levels. High-end travel indicators also reached an all-time high, increasing 24% Y-o-Y in Feb. Read more

In Brief

Market Report U.K.
PwC UK Consumer Sentiment Survey Shows Light at the End of the Tunnel

U.S. Airline Employment Trends
U.S. Cargo and Passenger Airlines Added 2,687 Jobs in February 2023

Hotel Performance Trends
Weekly Hotel Performance Trends from STR: 26 March - 1 April 2023

Travel Intentions
The Great Easter Bank Holiday Getaway - Two Million UK Holidaymakers Head off Overseas

U.S. Employment Trends
For March Leisure and Hospitality Added 72,000 Jobs, Lower Than the Average Monthly Gain of 95,000 over the Prior 6 Months

U.S. Hotel Stock Performance
U.S. Hotel Stocks Down 3.4% in March

Market Report U.S.
U.S. Hotels Report Lower Year-over-year Comparisons for the Week Ending April 8th

Market Report China
Hotel Performance Recovery in China: A Temporary Setback Due to Qing Ming

Market Report Bogota
Bogota Hotel Industry Reported Highest RevPAR on Record in March

Market Report Berlin
Berlin Hotels Report Increased March Performance

Market Report Melbourne
STR Reports Melbourne Hotel Occupancy Reached 36-month High in March

Market Report Los Angeles
HVS Market Report - Los Angeles: A Look at the Future of the Hotel Market - By Kirsten Z. Smiley and Aidan Martin

Hotel Loyalty Programs
Loyalty Programs Should Help Soften Impact of Any Economic Downturn on Hotel Sector

Market Report Southeast Asia
Hotels in Southeast Asia Seeing the Return of MICE Business and Major Leisure Events

Online Travel Agencies (OTAs)
Expedia, Others Have Retaken More Than Half of All Hotel Bookings Online - CoStar

Market Report Barbados
Barbados Tourism: Repositioning A Struggling Country Brand

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